Purchase price: $390,000 Sale price: $425,000 Contributors: Peter Vekselman Partner Driven, in collaboration with our partner Seth Choate, purchased a property on Grapevine Dr in Patterson, CA, for $390,000 on 7/18/2022.

Purchase price: $302 Cash invested: $7,500 Multi family unit What made you interested in investing in this type of deal?

I think the amount of responses you got was more than generous in light of the very small information you gave about your situation.

@Harshal Gaikwad thanks for the additional information and clarification. 

I am considering purchasing a triplex in Klamath Falls, Oregon.

I want to purchase the properties, set up everyone on a month to month lease, transfer the utilities to tenants and eventually raise the rents and collect deposits. 1.

@Krishna SurendraRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

NOI: $49,536CoC ROI: 16.57% / CashFlow: $1488/moPro forma cap: 8.26%Purchase cap: 11.79%Check out breakdown below 👇🏾 https://www.biggerpockets.com/analysis/rentals/6c76954e-deb6...

As part of the renovation, all of these were remedied however the violations were not cleared as I suspect the renos were done without the full permitting.The purchase agreement had a requirement to clear the violations prior to sale but the Seller and I agreed a fairly substantial seller credit to clear the violations as it was recognized there were risks around the renovation work and potential non compliance with permits that I may have to remedy.

I would be interested in knowing what submarket in SD you will be looking to purchase that 4-plex?